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$720,000
Est. payment /mo
8,263 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision David G Kangessers Dakan 15
MLS Listing ID 5124475
HOA Y/N No
Year Built 1961
Annual Tax Amount $12,698
Tax Year 2024
Lot Size 8,263 Sqft
Acres 0.1897
Property Sub-Type Apartment
Property Description
This large apartment complex is an amazing opportunity for any rental portfolio! With over 7,600 sqft, this building houses 12 units with 11 of those units currently occupied! Each unit has 1 bedroom and 1 bathroom along with coin operated laundry in the building, individual storage units for each unit and off-street parking on site! The occupied units are renting as follows: 1 unit renting for $950, 2 units renting for $900 per month, 1 unit renting for $850 per month, 3 units renting for $825 per month, 3 units renting for $775 per month and 1 unit renting for $695 per month. The building has a boiler heating system for the entire building and separate electrical meters for each unit. The roof was repaired in 2022 and there is a dumpster on-site. Located minutes away from Lake Erie, this property is near Euclid Beach Park and the Cleveland Public Library! There is easy highway access and on route for public transportation. Don't miss out on this solid opportunity! Professional management in place and willing to stay on with new owner. Reach out to learn more today!
Location
State OH
County Cuyahoga
Interior
Heating Hot Water, Steam
Cooling None
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Composition
Present Use Multi-Family
Building
Sewer Public Sewer
Water Public
Schools
School District Cleveland Municipal - 1809
Others
Tax ID 113-06-001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Michael Azzam • RE/MAX Haven Realty • mike@theazzamgroup.com 216-232-2187